Hyundai to invest USD 15.5 billion in India by 2032
Hyundai has announced plans to invest USD 15.5 billion in India between 2026 and 2032. The investment will cover research and development, manufacturing capacity, local supplier development and businesses such as electric vehicle charging and automotive financing. The announcement follows a meeting between Prime Minister Narendra Modi and Hyundai Motor Group executive chair Euisun Chung in New Delhi on October 13. “India remains one of Hyundai Motor Group’s most important and strategic markets globally. The past 30 years have been defined by our commitment to India. This investment reaffirms our commitment to India for the next 30 years and beyond,” Chung said. Hyundai investment: R&D and manufacturing plans The company plans to invest around USD 700 million in its Indian R&D centre, including a vehicle testing track. The investment is intended to expand engineering facilities and support the development of automotive technologies and local talent. The group also plans to incr...